Exchange Reviews

For many years cryptocurrency exchanges have operated in a “legal grey area”, causing many users of these platforms to suffer from low quality standards in the industry. This trend was finally reversed after the bankruptcy of Mt.Gox in 2014. The bankruptcy sent shock waves through the industry, prompting many exchanges to open up and allow for public reserve audits. Regulatory frameworks such as New York’s BitLicense entered the stage as well. Altogether the former has led to the professionalization of cryptocurrency exchange services, although the differences between various platforms are still significant. The exchange reviews at Digiconomist strongly reflect these differences, as legitimacy is a major component of every review. Exchanges are subjected to a high (and unique) level of scrutiny through Digiconomist’s proven Fraud Assessment framework.